earnings
confidence high
sentiment positive
materiality 0.80
Coursera Q3 revenue up 6% to $176M; narrows loss; announces 10% workforce reduction and $30M cost savings
Coursera, Inc.
2024-Q3 EPS reported
-$0.37
revenue$515,494,000
- Revenue $176.1M (+6% YoY); net loss $(13.7)M vs $(32.1)M; non-GAAP EPS $0.10.
- Adjusted EBITDA $13.3M (7.6% of rev) vs $(5.3)M; operating cash flow $27.8M.
- Raised FY2024 EBITDA margin outlook to 5.4% midpoint (+170bps).
- Plans 10% workforce reduction; expects $30M+ in annualized cost savings.
- Gross margin 55% (up from 50%); non-GAAP gross margin 56%.